India Stock Market Surpasses Hong Kong to Become 4th Largest Globally on Corporate Strength and Retail Frenzy
• India's stock market has surpassed Hong Kong's to become the 4th largest globally, with a market cap of $4.33 trillion • India's market cap has doubled in the last 4 years due to strong corporate earnings and growing retail investor base • Hong Kong's market has slumped due to China's economic woes, stringent COVID policies, regulatory crackdowns, and geopolitical tensions • While some expect a rebound in Chinese/Hong Kong stocks, momentum currently favors India with record highs and strong foreign inflows • Global investors and institutions see India as an attractive long-term opportunity compared to pessimism toward China/Hong Kong